Tiger Woods Has Been Staying With NY Billionaire

As speculation continues to grow on Tiger Woods' whereabouts, the new issue of Us Weekly reports that the golfer, 34, has been staying with his billionaire pal Jim Dolan, the controversy-prone CEO of Cablevision and owner of Madison Square Garden and the New York Knicks.

"Jim reached out to Tiger," one knowledgeable source tells Us Weekly -- on newsstands now -- adding that Dolan invited Woods to hide out at his $13.5 million fortress-like waterfront estate -- the main house of which is a 10,000-square-foot colonial mansion -- on New York's Long Island a week after his sex scandal broke.

"Tiger's been seeing a shrink who goes to Dolan's house," says the source.

Though an MSG spokesperson denies Tiger is at Dolan's home, telling Us, "It is categorically false and preposterous on its face," father of five Dolan, who has talked about conquering his drug and alcohol addictions after a rehab stint in 1993, has a history of helping troubled athletes, including basketball player Vin Baker, who battled alcoholism.

The source adds that Nike, one of the few Tiger sponsors that hasn’t dropped him as a spokesman, let him use their jet for at least one trip. (Nike did not return calls for comment.)

For more on the Woods scandal - including how his wife has been "drinking at night"; what Woods has been telling his kids during recent speakerphone conversations and details of a puffy-eyed Woods' encounter with his mother the week before Christmas - pick up the new Us Weekly today!